Family businesses are kind of like families themselves: They’re cherished, they’re precious, and sometimes they’re taken for granted by their various members. Families are complicated, and so sometimes it’s just easier to leave things the way they are. But the consequences of getting complacent a...

If you’re new to making purchase decisions for software for your organization, it can be an overwhelming experience. Which software should you choose? How will you know which solution is the best one? What if you make the wrong decision? Maybe you made the wrong choice in the past and h...

With the results of the Presidential Election now behind us, it might be interesting to examine the impact past elections have had on financial markets and if there are any trends that might help us make more informed investment decisions during the next four years. Many wondered which candidate ...

When it comes time to hold a family office retreat as a tool to approach legacy planning, professionals within family offices who are tasked with planning that retreat often realize that it is a much larger undertaking than they anticipated. We’ve previously shared insights from experts at Bernstein...

The family offices of today are facing unique and often underappreciated challenges in a world of complex and technology-assisted fraud. Despite not considering themselves prime targets, family offices are increasingly vulnerable, as they lack the extensive security infrastructure tha...

Family offices have traditionally been a mysterious entity in the wealth management space. Designed to preserve privacy, exclusivity, and prestige, family offices seemed destined to remain under the radar, each operating to its own unique beat. However, as wealth continues to grow across a broader s...

In the intricate world of family offices managing high-net-worth portfolios, Artificial Intelligence (AI) emerges not as a replacement but as a robust ally. AI augments human capabilities, offering precise data analysis and predictive analytics that aid in efficient decision-making. Whi...

Family offices manage a unique set of challenges. With multi-generational wealth, diverse investment strategies, and a constant need for transparency, ensuring efficient and accurate reporting becomes paramount. Traditional reporting methods often struggle to keep pace with these complex needs, lead...

One of the biggest challenges facing family offices is educating the next generation in financial literacy, governance issues, finding their inner purpose and aligning their wealth with their values. Yet despite the fact that 60% of family offices say preparing the next generation for responsible...

This week, Family Office Exchange (FOX) recognized Katherine Dunlevie, Advisory Board Member of the UHNW Institute, and Scott Peppet, President of the Chai Trust Company, LLC, as the 2024 recipient of its Community Builder Award, Inspired by Glen W. Johnson, FOX’s former President of Membership. The...